CALGARY, March 12, 2018 /CNW/ - Obsidian Energy Ltd. announces that it received notification on March 12, 2018 from the New York Stock Exchange that Obsidian Energy is no longer in compliance with one of the NYSE's continued listing standards because the average closing price of Obsidian Energy's common shares was less than US$1.00 per share over a consecutive 30 trading day period. As of March 8, 2018, the average [...]
CALGARY, March 7, 2018 /CNW/ - Obsidian Energy Ltd. is pleased to announce its financial and operational results for the year ended December 31, 2017. All figures are in Canadian dollars unless otherwise stated. Obsidian Energy's Management Discussion and Analysis dated March 6, 2018 and audited financial statements for year end 2017 can be found on our website at www.obsidianenergy.com. The documents will also be filed [...]
CALGARY, Feb. 22, 2018 /CNW/ - Obsidian Energy Ltd. is pleased to announce that Jay W. Thornton has been appointed as Chairman of the Obsidian Energy Board of Directors , effectively immediately. Mr. George Brookman, who has been the Acting Chair since August 8, 2017, will remain as a director on the Board. "On behalf of the Board, I would like to thank Mr. George Brookman for his leadership as Acting Chair over the last [...]
CALGARY, Jan. 31, 2018 /CNW/ - Obsidian Energy Ltd. is pleased to announce that we closed an agreement to dispose of a significant portion of our non-core legacy assets, in exchange for the assumption of abandonment and reclamation liabilities. David French, President & CEO commented, "This transaction is another important step forward for Obsidian Energy. It demonstrates the continued refocusing of the business only on [...]
CALGARY, Jan. 17, 2018 /CNW/ - Obsidian Energy Ltd. confirms it is aware of a statement by FrontFour Capital Group LLC regarding their views on the direction of the Company. Obsidian Energy's corporate strategy is well defined and has the unanimous support of the Board of Directors . We have been organically growing the Company through the combination of sustaining a low decline production base and leveraging significant [...]
Questions Recent Corporate Decisions Views Company As A Potential Cardium Champion GREENWICH, Conn., Jan. 17, 2018 /PRNewswire/ -- FrontFour Capital Group LLC together with its affiliates today commented on recent developments related to Obsidian Energy Ltd. . FrontFour and its principals are significant long-term shareholders of Obsidian, collectively beneficially owning over 28 million outstanding shares, representing [...]
CALGARY, Jan. 15, 2018 /CNW/ - Obsidian Energy Ltd. is pleased to confirm full year 2017 production ahead of guidance and provide an operational update, including preliminary results from our four well pad in Willesden Green. David French, President & CEO commented, "2017 was a great year for Obsidian Energy. We repositioned the development portfolio, effectively responded to a volatile commodity and currency environment [...]
CALGARY, Jan. 3, 2018 /CNW/ - Obsidian Energy Ltd. is pleased to announce that Mr. Edward H. Kernaghan has been appointed to the Obsidian Energy Board of Directors . George Brookman, Obsidian Energy's Acting Chairman of the Board commented, "We are happy to have Ed Kernaghan join our Board. Mr. Kernaghan brings broad financial and capital markets experience and represents a material ownership stake through Kernwood [...]
CALGARY, Dec. 12, 2017 /CNW/ - Obsidian Energy Ltd. is pleased to announce that Mr. Gordon Ritchie has been appointed to the Obsidian Energy Board of Directors . George Brookman, Obsidian Energy's Acting Chairman of the Board commented, "We are so pleased to have Gord join our Board. Gord brings extensive financial and capital markets experience and we look forward to his contribution. Gord's addition is part of our [...]
CALGARY, Nov. 15, 2017 /CNW/ - Obsidian Energy Ltd. announces a US$8.5 million settlement with the U.S. Securities and Exchange Commission , regarding the lawsuit filed by the SEC on June 28, 2017 in the U.S. District Court for the Southern District of New York. The settlement is in relation to the Company's 2014 restatement of certain financial results while it was known as Penn West Petroleum Ltd. . Under the terms of [...]
CALGARY, Nov. 10, 2017 /CNW/ - Obsidian Energy Ltd. is pleased to announce its financial and operational results for the third quarter ended September 30, 2017 and 2018 Budget. All figures are in Canadian dollars unless otherwise stated. David French, President & CEO commented, "I am quite proud of the Obsidian Energy team in the third quarter, successfully executing our busiest drilling campaign in years and generating [...]
CALGARY, Nov. 1, 2017 /CNW/ - Obsidian Energy Ltd. (TSX - OBE; NYSE – OBE) ("Obsidian Energy", "we", "us", "our" or the "Company") received notification from the New York Stock Exchange (the "NYSE") that we have regained compliance with the NYSE's continued listing standard regarding the price of Obsidian Energy's common stock. The company had received notification regarding the price deficiency on September 14, 2017. The [...]
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